Second Quarter 2019 Earnings Presentation August 6, 2019 Stephen I. Chazen Chairman, President & CEO Christopher Stavros Executive Vice President & CFO Brian Corales Vice President, Investor Relations
Magnolia Oil & Gas Overview High-quality, low-risk pure-play South Texas operator with a core 450,000 Net Acre Position Targeting Two of the Top Eagle Ford and Austin Chalk position acquired at an attractive entry Oil Plays in the…
Magnolia Oil & Gas 2nd Quarter 2019 Highlights Grew total Company production 4% sequentially to 65.1 Mboe/d (54% oil) Karnes production grew 8% sequentially largely due to new operated & non-op wells turned in-line Oil realizations…
Magnolia Oil & Gas Q2 2019 Key Metrics Earnings and EPS (GAAP) (1) Total Production Oil Realizations (2) 18.5 Million 65.1 Mboe/d 64.13/bbl 0.12 per share (54% oil) (107% of WTI) Total Net Income & Total Shares (3)(4) Adjusted…
Magnolia Oil & Gas Operating Highlights For the Quarter Ended For the Quarter Ended June 30, 2019 March 31, 2019 Production: Oil (MBbls) 3,189 2,906 Natural Gas (MMcf) 10,057 9,763 NGLs (MBbls) 1,060 1,084 Total (Mboe) 5,925…
Magnolia Oil & Gas Margins For the Quarter Ended For the Quarter Ended / Boe, unless otherwise noted June 30, 2019 March 31, 2019 Revenue 41.01 38.93 Less: Lease Operating Expenses (4.20) (3.83) Less: Gathering, Transportation &…
Reconciliation of Net Income to Adjusted EBITDAX (in thousands) For the Quarter Ended For the Quarter Ended Adjusted EBITDAX reconciliation to net income: June 30, 2019 March 31, 2019 Net income (1) 31,303 22,713 Exploration…
Q2 2019 Cash Flow Reconciliation ( in millions) 300 15 250 39 200 178 133 150 100 50 97 76 0 (2) Cash Cash Flow Changes in Acquisitions D&C and Facilities Cash (1) 3/31/19 from Operations Working Capital Capital…
Magnolia Oil & Gas Summary Balance Sheet (in thousands) June 30, 2019 December 31, 2018 Cash 96,709 135,758 Current assets 133,788 156,601 Property, plant and equipment, net 3,235,266 3,073,204 Other assets 65,369 67,960 Total…
Magnolia Oil & Gas Ownership Summary We have successfully completed the exchange of all the outstanding warrants The exchange simplifies the capital structure and reduced the ultimate potential dilution Below is our ownership…
Cash Flow Since Magnolias Inception Reconciliation ( in millions) 900 800 24 17 700 232 600 500 663 400 300 409 200 100 116 97 0 Opening cash Cash flow from Other (2) Changes in Acquisitions (3) D&C and Facilities…
Adjusted Net Income Reconciliation (in thousands) For the Quarter Ended For the Quarter Ended Adjusted Net Income June 30, 2019 March 31, 2019 Net income (1) 31,303 22,713 Adjustments for certain items affecting comparability:…
Magnolia Oil & Gas Production Results Giddings & Giddings & Combined Karnes Combined Karnes Other Other Three Months Ended June 30, 2019 Three Months Ended March 31, 2019 Production: Oil (MBbls) 3,189 2,797 392 2,906 2,443 463…
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